The Bank of Canada is predicting slightly stronger economic growth over the next couple of years than it did only a few months ago.
The quarterly monetary policy report calls for real gross domestic product to grow 2.2 per cent in 2019, up from the bank’s April call of 2.1 per cent, and by 1.9 per cent in 2020, up from the previous prediction of 1.8 per cent.
The Bank of Canada released the outlook as it raised its benchmark interest rate a quarter point to 1.5 per cent.